UPDATE: FactSet Research FQ4 Profit Rises 5%
FactSet Research Systems (NYSE: FDS) reported a 5% rise in its fiscal fourth-quarter earnings.
FactSet Research's quarterly profit surged to $51 million, or $1.16 per share, from $48.5 million, or $1.08 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $1.20 per share.
Its revenue rose 5.6% to $219.3 million. FactSet Research had expected earnings of $1.18 to $1.21 per share on revenue of $218 million to $221 million.
Its operating margin narrowed to 32.2% from 34%.
For the current quarter, FactSet Research expects earnings of $1.21 to $1.24 per share on revenue of $222 million to $225 million. However, analysts were projecting a profit of $1.23 per share on revenue of $224 million.
FactSet Research shares fell 1.05% to $111.07 in pre-market trading.
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